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Author Archives: Vivian Kai-Mensah

GN, Sahel and Premium banks to merge ?

gn bank sahel and premium bank

Citi Business News has gathered three local banks Premium, GN and Sahel Sahara banks have agreed to merge. The move follows the Bank of Ghana’s directive for all banks to meet the minimum capital requirement of 400 million cedis this year (2018). Citi Business News has learnt the three banks commenced merger talks this year and finalized the deal this ...

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Access bank appoints new MD

Ifeanyi Njoku - Access Bank Managing Director

Access Bank Ghana has appointed Mr. Kris Ifeanyi Njoku as its new Managing Director effective June 28, 2018, who will continue to steer operations of the Bank after the receipt of a ‘no objection’ Letter from the Bank of Ghana. He takes over from Mr. Dolapo Ogundimu who managed the Bank since 2012. Until his appointment, Mr. Njoku was the ...

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Key agencies to help BoG investigate Unibank

unibank_2

The Bank of Ghana (BOG) is to rope in key agencies to aid with investigations as it begins audit of Unibank following its takeover by KPMG. The Second Deputy Governor of the Bank of Ghana  Elsie Awadzi speaking on the Citi Breakfast Show said the central bank will go beyond the administration of Unibank to ensure it corrects the wrong ...

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Gov’t to raise GH¢11bn in first quarter of 2018

Ken Ofori-Atta - Finance Minister

Government is seeking to raise GHȼ11,133.91 million in the first quarter of 2018 through debt securities. Of the amount GH¢8,961.30 million will be used to rollover maturities. The remaining GH¢2,164.61 million will be used to meet Government’s financing requirements for the period. A statement issued by the Debt Management Office of the Ministry of Finance stated that about 5 billion ...

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ExxonMobil to commence operations in Ghana

ExxonMobil-Nigeria-headquarters

American multinational oil and gas company ExxonMobil Corporation is to begin full operations in Ghana this year – 2018. It follows successful negotiations with Ghana to carry out exploratory works at the deep water cape three points. Citi Business News has gathered Government will next week Thursday 18th January, 2018, sign an agreement with the oil giant to finalize the ...

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Bayport appoints new Managing Director

Nii Amankra Kwashie Tetteh on the left

The Board of Directors of Bayport Savings and Loans Ltd (Bayport) have announced the appointment of Nii Amankra Kwashie Tetteh as Managing Director of the Company. His appointment was approved by Bank of Ghana on the December 11, 2017. Nii Amankra Kwashie Tetteh also joins the Company’s board of Directors. “I am confident Nii will lead us to more successes ...

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Road show for energy bond starts tomorrow

bond

Government will tomorrow Thursday, October 19th, 2017 begin a road show for the energy sector bond, which will be used to clear the energy sector debt.. The show will commence in London on Thursday and there will be another in Accra on the 23rd of October, 2017. The 2.5 billion dollar bond which will be auctioned in tranches will start ...

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Business women gear up for maiden executive Women Network Conference

wmn

Hundreds of women leaders, professionals and entrepreneurs have begun securing seats for the maiden Executive Women Network Annual Conference. The conference slated for October 20th, 2017 at the Movenpick Ambassador Hotel, Accra is under the theme: Rebranding Ghana to drive business growth – the perspective of women leaders. The theme is a call to action for leadership, across every facet ...

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Tigo’s Roshi Motman named CEO of merged Tigo & Airtel entity

CEO of Tigo Ghana, Roshi Motman

MD of Tigo Roshi Motman has been named as the new CEO of merged telecommunication entities Airtel and Tigo. The announcement follows the resignation of the MD of Airtel Lucy Quist early this week. Citi Business News earlier reported that Madam Roshi Motman would be named as the MD of the new entity to be created following the merger of ...

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Access bank secures additional investment for its operations

wpid-Access-Bank

Access Bank Plc, the majority shareholder of Access Bank Ghana, which is ranked as one of the top 3 banks in Nigeria and amongst the top 20 banks in Africa by assets and capital, has announced its intention to inject additional capital into the Bank’s operations in Ghana before end of Q1 in 2018 after all regulatory requirements are fulfilled. ...

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